Companies Cash In Early on Tariff Refunds

U.S. companies hit by Trumps tariffs find a loophole: selling refund claims to investors before Supreme Court ruling. Kids two, an Atlanta toy maker, sold off $2M in potential refunds for a quick cash boost. Investors get a fraction of refund if tariffs are struck down, but companies keep upfront cash if theyre upheld. A new market emerges for these special trades, with companies loving the liquidity and investors offering cents on the dollar for tariff claims.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.